Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lyon County under programs of the federal government for the year ending June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule present only a selected portion of the operations of Lyon County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Lyon County.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. Indirect Costs The County had nine grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, three grants that used an 8% rate, one grant that used a 7.14% rate, and one grant that used a 5.23% rate, one grant that used 5.0%, and one grant at 3.52% and one grant at 3.32%; which were all allowed with prior budgetary approval.
The County reports commodities consumed on the Schedule at the fair value of the commodities received.
Lyon County passed $579,330 in federal awards received to several other governments and one nonprofit organization.
Certain Federal programs require Lyon County to contribute non-Federal funds (matching funds) to support the Federally Funded programs. Lyon County has met its matching requirements. The Schedule does not include the expenditure for non-Federal matching funds.